Derek Jeter Steps Down as Chief Executive of the Marlins

Derek Jeter, the Corridor of Fame shortstop for the Yankees, resigned on Monday because the chief government of the Miami Marlins, ending an bold second profession after 4 and a half years answerable for one among baseball’s most vexing franchises.

In a press release, Jeter mentioned he would not function an investor or a shareholder with the Marlins. He held a 4 % stake as a part of a gaggle that paid $1.2 billion for the franchise in 2017. The group was led by Bruce Sherman, a wealth-management government from New York.

“We had a imaginative and prescient 5 years in the past to show the Marlins franchise round, and as C.E.O., I’ve been proud to place my title and status on the road to make our plan a actuality,” Jeter’s assertion mentioned.

“By way of exhausting work, belief and accountability, we remodeled each side of the franchise, reshaping the work drive and creating a long-term strategic plan for achievement. That mentioned, the imaginative and prescient for the way forward for the franchise is completely different than the one I signed as much as lead. Now could be the suitable time for me to step apart as a brand new season begins.”

The Marlins have by no means received a division title of their 29 seasons, however captured World Sequence championships in 1997 and 2003. Their solely different playoff look got here below Jeter’s course within the expanded format in 2020, after they have been 31-29 and received a first-round sequence in opposition to the Chicago Cubs.

In Jeter’s three full seasons, nevertheless, the staff has misplaced 98, 105 and 95 video games, whereas persevering with the franchise’s sample of meager payrolls and poor attendance. The Marlins ranked twenty third within the majors in payroll in 2018, in accordance with Baseball Prospectus, and twenty ninth, twenty seventh and twenty eighth in subsequent seasons. Their attendance has ranked final within the Nationwide League yearly that tickets have been offered since 2013.

“The Marlins thank Derek for his many contributions and want him luck in his future endeavors,” Sherman mentioned in a press release. “We now have a deep bench of expertise that can oversee each enterprise and baseball choices whereas we work to establish a brand new C.E.O. to steer our franchise. The possession group is dedicated to maintain investing in the way forward for the franchise — and we’re decided to construct a staff that can return to the postseason and excite Marlins followers and the local people.”

Jeter employed a number of former Yankees officers all through the group, together with Kim Ng, who turned the primary feminine common supervisor in Main League Baseball historical past in November 2020.

Jeter’s resignation is one other blow to M.L.B., which locked out the gamers on Dec. 2, resulting in the cancellation of spring coaching video games and threatening the beginning of the common season. Commissioner Rob Manfred hailed Jeter in a press release as a “extremely revered voice on our variety and competitors committees” and praised him for hiring girls in high roles.

“Derek is a pillar of our recreation and we sit up for his future contributions to baseball,” Manfred mentioned.

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